London June Auctions Analysis

The Joe Lewis Collection sale at Sotheby's London achieved a landmark USD 392.6 million, setting a record for UK single-owner collections. The event underscored the continued strength of the London art market and the significant participation of Asian buyers.

Key Takeaways

• 1.The Joe Lewis Collection sale at Sotheby's London achieved USD 392.6 million, setting a new record for a single-owner collection in the UK.
• 2.Asian buyers accounted for a significant portion of the auction activity, bidding on half of the lots and totaling approximately one-third of the auction's revenue.
• 3.Blue-chip paintings from the post-WWII era in the London market performed 24% above pre-auction estimates.

Table of Contents

• London June Auctions Analysis
• Auction Performance & Sell-Through Rates
• Highlights

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